GPs warned of drug shortages

GPs are being warned of a possible shortage of prescription drugs as the Federal Government slashes the amount it pays to pharmacists for over 200 drugs.

From 1 April, pharmacists will receive about 50% less from the government to cover the cost of supplying pravastatin and 17% less for metformin. There will also be cuts on a wide range of antibiotics.

The so-called price disclosure deal was struck 18 months ago between the government and Medicines Australia amid claims taxpayers were paying too much for prescription drugs listed on the PBS.

However, pharmacies are